Loan to expand my clothing retail business
Samuel
Nairobi City, Kenya
47% repaid
Entrepreneur
Name
Samuel
Member since
September 2014
On-time repayments
146 installments • 28%
About Me
My story
Hi! My name is Samuel. I am 23 years old and a first born in a family of six children. I was born on 3rd November 1990, started schooling in 1998 at MM. Chandaria Primary School and went to St. Teresa’s Boys Secondary School East-Leigh in 2007. After high school, I was lucky to attain the grades that gave me a direct ticket to the public university. I am currently a 3rd year student at JKUAT taking a degree course in Biomechanical and Processing Engineering. I work as a part time teacher at ACREF secondary school. Besides teaching and learning, I run a small clothing business in Juja town. My main objective is to inspire others through the business and to create employment for other young people. I am also a song writer and my hobbies are singing, dancing, doing research and reading novels.
My Business
My business is located in Juja town and deals with retailing second hand clothes. I ventured into this business with a little capital I had lent from a friend. This was back in August last year after realizing that I needed a big deal to make a meaningful stride in my life. Since then, the business has been growing amazingly. It has always received a good response from my fellow students as from some of my customers. The business has helped me a lot with improving my financial status in the college. On a good day I would make a profit of about $ 20. As a result, I have always been able to independently cater for my college needs. I also support one of my sisters with paying her school fees from some of the money I earn from my business. What inspired me to venture into this business was the fact that most of my friends would admire how I dress. This would make some of them send me to the market for identical clothes. I saw this as an opportunity and later transformed it into a business.
However, due to insufficient capital, I often find myself unable to get sufficient goods from the market and thus fail to meet my customers' demand. I therefore plan to expand the venture by increasing the stock of items that are always in high demand, such as rubber shoes, men trench-coats, socks, T-shirts and shorts.
Loan Proposal
I request to be given a loan of at least $ 200. I plan to use the money to expand my clothing retail business. This is by purchasing the frequently asked products at my shop. They include items like ties, official trousers, shirts and official shoes. The budget is as follows: ties at $ 20, official shoes at$ 80, shirts at $ 40 and official shoes at $ 60. The total budget amounts to $ 200. The income I earn from the business and my part time job salary will help me in repaying the loan. I will appreciate a lot for any assistance. Thanks in advance.
About Me
My story
Hi! My name is Samuel. I am 24 years old and a first born in a family of six children. I was born on 3rd November 1990 and started schooling in 1998 at MM. Chandaria Primary School and went to St. Teresa’s Boys Secondary School East-Leigh in the year 2007. After the high school, I was lucky to attain the grades that gave me a direct ticket to the public university. I am currently a 4th year student at JKUAT taking a degree course in Biomechanical and Processing Engineering. I work as a part time teacher at ACREF secondary school. Besides teaching and learning, I operate a small clothing business in Juja town. My main objective is to inspire others through the business and to create employment to other young people. I am also a song writer. My hobbies are singing, dancing, doing research and reading novels.
My Business
My business is located in Juja town. The business deals with the retailing of the used clothes. I ventured into this business with a little capital I had lent from a friend. This was back in August 2013 after realizing that I needed a big deal to make a meaningful stride in my life. Since then, the business has been growing amazingly. It has always received a good response from my fellow students as some of my customers. The business has helped a lot in improving my financial status in the college. In a good day I would make a profit of about $ 20. As a result, I have always been able to independently cater for my college needs. I also do support one of my sisters in paying her school fee from some of the money I earn from the business. What inspired me to venture into this business was the fact that most of my friends would admire how i dress. This would make some of them send me to the market for the identical clothes. I saw this as an opportunity and later transformed it into a business.
But due to insufficient capital, I often find myself unable to get sufficient goods from the market and thus failing to meet the demands of my customers. I therefore plan to expand the venture by increasing the stock of the items that are always in high demand by my customers. The demand for items like ties, official shoes, shirts and official trousers has been high among my customers. It has been a great challenge for me to raise the capital to purchase those items. I always feel bad when my customers go disappointed simply because they dint get a product they expected to get at my shop. That is why I am writing a loan proposal to the zidisha lenders.
Loan Proposal
I request to be given a loan of at least $ 200. I plan to use the money to expand my clothing retail business. This is by purchasing the frequently asked products at my shop. They include items like ties, official trousers, shirts and official shoes. The budget is as follows: ties at $ 20, official shoes at$ 80, shirts at $ 40 and official shoes at $ 60. The total budget amounts to $ 200. The income I earn from the business and my part time job salary will help me in repaying the loan. I will appreciate a lot for any assistance. Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$197.00
Date disbursed
Jan 23, 2015
Repayment status
Late
Projected term
31 months
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Summary
Amount repaid
$121.55
Amount remaining
$139.85
Expected completion
Sep 10, 2017
Status
Repaying late
Installment amount
$1.69
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 1, 2015 | $9.43 | Feb 2, 2015 | $9.43 |
| Feb 8, 2015 | $9.43 | Feb 13, 2015 | $9.43 |
| Feb 15, 2015 | $3.71 | Feb 21, 2015 | $3.71 |
| Feb 22, 2015 | $0.00 | ||
| Mar 1, 2015 | $0.00 | ||
| Mar 8, 2015 | $3.71 | Mar 1, 2015 | $3.71 |
| Mar 15, 2015 | $3.71 | Mar 8, 2015 | $3.71 |
| Mar 22, 2015 | $3.71 | Mar 15, 2015 | $3.71 |
| Mar 29, 2015 | $3.71 | Mar 22, 2015 | $3.71 |
| Apr 5, 2015 | $3.71 | Mar 27, 2015 | $3.71 |
| Apr 12, 2015 | $3.71 | Apr 3, 2015 | $3.71 |
| Apr 19, 2015 | $3.71 | Apr 12, 2015 | $3.71 |
| Apr 26, 2015 | $3.71 | Apr 16, 2015 | $3.71 |
| May 3, 2015 | $3.71 | Jun 11, 2015 | $3.71 |
| May 10, 2015 | $3.71 | Jun 11, 2015 | $1.91 |
| Jun 17, 2015 | $1.80 | ||
| May 17, 2015 | $3.71 | Jun 17, 2015 | $3.71 |
| May 24, 2015 | $3.71 | Jun 17, 2015 | $0.90 |
| Jul 5, 2015 | $2.81 | ||
| May 31, 2015 | $1.12 | Jul 5, 2015 | $1.12 |
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $1.69 | Jul 12, 2015 | $1.69 |
| Jul 19, 2015 | $1.69 | Jul 20, 2015 | $1.69 |
| Jul 26, 2015 | $1.69 | Jul 26, 2015 | $1.69 |
| Aug 2, 2015 | $1.69 | Aug 2, 2015 | $1.69 |
| Aug 9, 2015 | $1.69 | Aug 11, 2015 | $1.69 |
| Aug 16, 2015 | $1.69 | Aug 22, 2015 | $1.69 |
| Aug 23, 2015 | $1.69 | Aug 30, 2015 | $1.69 |
| Aug 30, 2015 | $1.69 | Sep 5, 2015 | $1.69 |
| Sep 6, 2015 | $1.69 | Sep 12, 2015 | $1.69 |
| Sep 13, 2015 | $1.69 | Sep 21, 2015 | $1.69 |
| Sep 20, 2015 | $1.69 | Sep 26, 2015 | $1.69 |
| Sep 27, 2015 | $1.69 | Oct 6, 2015 | $1.69 |
| Oct 4, 2015 | $1.69 | Oct 13, 2015 | $1.69 |
| Oct 11, 2015 | $1.69 | Oct 17, 2015 | $1.69 |
| Oct 18, 2015 | $1.69 | Oct 29, 2015 | $1.69 |
| Oct 25, 2015 | $1.69 | Oct 29, 2015 | $1.69 |
| Nov 1, 2015 | $1.69 | Nov 15, 2015 | $1.69 |
| Nov 8, 2015 | $1.69 | Nov 15, 2015 | $1.69 |
| Nov 15, 2015 | $1.69 | Dec 6, 2015 | $1.69 |
| Nov 22, 2015 | $1.69 | Dec 13, 2015 | $1.69 |
| Nov 29, 2015 | $1.69 | Dec 13, 2015 | $1.69 |
| Dec 6, 2015 | $1.69 | Jan 17, 2016 | $1.69 |
| Dec 13, 2015 | $1.69 | Jan 17, 2016 | $1.69 |
| Dec 20, 2015 | $1.69 | Jan 31, 2016 | $1.69 |
| Dec 27, 2015 | $1.69 | Feb 8, 2016 | $1.11 |
| Feb 8, 2016 | $0.57 | ||
| Jan 3, 2016 | $1.69 | Feb 29, 2016 | $1.07 |
| Feb 29, 2016 | $0.62 | ||
| Jan 10, 2016 | $1.69 | May 8, 2016 | $0.84 |
| May 8, 2016 | $0.84 | ||
| Jan 17, 2016 | $1.69 | May 20, 2016 | $1.69 |
| Jan 24, 2016 | $1.69 | May 20, 2016 | $1.69 |
| Jan 31, 2016 | $1.69 | May 20, 2016 | $1.12 |
| Jul 5, 2016 | $0.56 | ||
| Feb 7, 2016 | $1.69 | Jul 5, 2016 | $0.28 |
| Jul 5, 2016 | $0.84 | ||
| Aug 10, 2016 | $0.56 | ||
| Feb 14, 2016 | $1.69 | Aug 10, 2016 | $0.28 |
| Aug 10, 2016 | $0.84 | ||
| Feb 21, 2016 | $1.69 | ||
| Feb 28, 2016 | $1.69 | ||
| Mar 6, 2016 | $1.69 | ||
| Mar 13, 2016 | $1.69 | ||
| Mar 20, 2016 | $1.69 | ||
| Mar 27, 2016 | $1.69 | ||
| Apr 3, 2016 | $1.69 | ||
| Apr 10, 2016 | $1.69 | ||
| Apr 17, 2016 | $1.69 | ||
| Apr 24, 2016 | $1.69 | ||
| May 1, 2016 | $1.69 | ||
| May 8, 2016 | $1.69 | ||
| May 15, 2016 | $1.69 | ||
| May 22, 2016 | $1.69 | ||
| May 29, 2016 | $1.69 | ||
| Jun 5, 2016 | $1.69 | ||
| Jun 12, 2016 | $1.69 | ||
| Jun 19, 2016 | $1.69 | ||
| Jun 26, 2016 | $1.69 | ||
| Jul 3, 2016 | $1.69 | ||
| Jul 10, 2016 | $1.69 | ||
| Jul 17, 2016 | $1.69 | ||
| Jul 24, 2016 | $1.69 | ||
| Jul 31, 2016 | $1.69 | ||
| Aug 7, 2016 | $1.69 | ||
| Aug 14, 2016 | $1.69 | ||
| Aug 21, 2016 | $1.69 | ||
| Aug 28, 2016 | $1.69 | ||
| Sep 4, 2016 | $1.69 | ||
| Sep 11, 2016 | $1.69 | ||
| Sep 18, 2016 | $1.69 | ||
| Sep 25, 2016 | $1.69 | ||
| Oct 2, 2016 | $1.69 | ||
| Oct 9, 2016 | $1.69 | ||
| Oct 16, 2016 | $1.69 | ||
| Oct 23, 2016 | $1.69 | ||
| Oct 30, 2016 | $1.69 | ||
| Nov 6, 2016 | $1.69 | ||
| Nov 13, 2016 | $1.69 | ||
| Nov 20, 2016 | $1.69 | ||
| Nov 27, 2016 | $1.69 | ||
| Dec 4, 2016 | $1.69 | ||
| Dec 11, 2016 | $1.69 | ||
| Dec 18, 2016 | $1.69 | ||
| Dec 25, 2016 | $1.69 | ||
| Jan 1, 2017 | $1.69 | ||
| Jan 8, 2017 | $1.69 | ||
| Jan 15, 2017 | $1.69 | ||
| Jan 22, 2017 | $1.69 | ||
| Jan 29, 2017 | $1.69 | ||
| Feb 5, 2017 | $1.69 | ||
| Feb 12, 2017 | $1.69 | ||
| Feb 19, 2017 | $1.69 | ||
| Feb 26, 2017 | $1.69 | ||
| Mar 5, 2017 | $1.69 | ||
| Mar 12, 2017 | $1.69 | ||
| Mar 19, 2017 | $1.69 | ||
| Mar 26, 2017 | $1.69 | ||
| Apr 2, 2017 | $1.69 | ||
| Apr 9, 2017 | $1.69 | ||
| Apr 16, 2017 | $1.69 | ||
| Apr 23, 2017 | $1.69 | ||
| Apr 30, 2017 | $1.69 | ||
| May 7, 2017 | $1.69 | ||
| May 14, 2017 | $1.69 | ||
| May 21, 2017 | $1.69 | ||
| May 28, 2017 | $1.69 | ||
| Jun 4, 2017 | $1.69 | ||
| Jun 11, 2017 | $1.69 | ||
| Jun 18, 2017 | $1.69 | ||
| Jun 25, 2017 | $1.69 | ||
| Jul 2, 2017 | $1.69 | ||
| Jul 9, 2017 | $1.69 | ||
| Jul 16, 2017 | $1.69 | ||
| Jul 23, 2017 | $1.69 | ||
| Jul 30, 2017 | $1.69 | ||
| Aug 6, 2017 | $1.69 | ||
| Aug 13, 2017 | $1.69 | ||
| Aug 20, 2017 | $1.69 | ||
| Aug 27, 2017 | $1.69 | ||
| Sep 3, 2017 | $1.69 | ||
| Sep 10, 2017 | $2.78 | ||
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